3-bed · 1,911 sqftSadaf 1, Jumeirah Beach Residence · 15th floor · completed 2007

1507, Sadaf 1

Sold prices and rental history: sold twice, last in July 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1507 · DLD and Ejari recordsUpdated 12 July 2020
Last soldAED 1.3M12 July 2020
Current rentAED 110K /yr21 March 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1507, Sadaf 1

What is 1507 worth today?

Last sold for AED 1,300,000 in 2020

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12 Jul 2020SoldReady
AED 1,300,000AED 680 per sqft
21 Mar 2019RentedNew contract
AED 110,000/yr12 months · AED 57 per sqft
1 May 2018RentedRenewal
AED 145,000/yr12 months · AED 76 per sqft
1 May 2017RentedRenewal
AED 145,000/yr12 months · AED 76 per sqft
1 May 2016RentedRenewal
AED 145,000/yr12 months · AED 76 per sqft
1 May 2015RentedRenewal
AED 137,000/yr12 months · AED 72 per sqft
1 May 2014RentedNew contract
AED 130,000/yr12 months · AED 68 per sqft
1 May 2013RentedNew contract
AED 115,500/yr12 months · AED 60 per sqft

Source: Dubai Land Department. Updated 12 July 2020.

Key facts

Type
3-bed apartment
Size
1,911 sqft
Floor
15th of 39
Parking
B638/ B639
Developer
Dubai Properties
Completed
2007
Service charge
AED 37,300 /yr
Last sold
AED 1.3M · July 2020
Building
Sadaf 1

About 1507, Sadaf 1

1507 is a three-bedroom apartment of 1,911 sqft on the 15th floor of Sadaf 1, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 12 July 2020 for AED 1,300,000, or AED 680 per sqft, in line with the AED 680 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 21 March 2019, is AED 110,000 a year: a gross yield of 8.5% on the 2020 price, before the service charge of about AED 37,300 a year.

Sales and rents for 1507 over time

Sales
Unit 1507, each saleTypical three-bed in Sadaf 1
1M2M3M20072012201720222027Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 866,422; 2011 AED 1,547,900; 2012 AED 699,000; 2013 AED 2,150,000; 2014 AED 2,700,000; 2015 AED 2,350,000; 2016 AED 2,275,000; 2017 AED 2,100,000; 2019 AED 1,640,000; 2020 AED 1,220,000; 2021 AED 1,500,000; 2022 AED 1,800,000; 2023 AED 2,250,000; 2024 AED 2,650,000; 2025 AED 2,825,000; 2026 AED 2,650,000Sold by developer, November 2009: AED 699,000 (AED 365 per sqft)Sold, July 2020: AED 1,300,000 (AED 680 per sqft)

1507 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1507, each contractTypical three-bed in Sadaf 1
100K150K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 163,900; 2016 AED 165,000; 2017 AED 155,000; 2018 AED 145,000; 2019 AED 120,000; 2020 AED 107,500; 2021 AED 100,000; 2022 AED 118,050; 2023 AED 144,000; 2024 AED 165,000; 2025 AED 175,000; 2026 AED 172,500New contract, April 2012: AED 110,000 a yearNew contract, May 2013: AED 115,500 a yearNew contract, May 2014: AED 130,000 a yearRenewal, May 2015: AED 137,000 a yearRenewal, May 2016: AED 145,000 a yearRenewal, May 2017: AED 145,000 a yearRenewal, May 2018: AED 145,000 a yearNew contract, March 2019: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Sadaf 1, and where 1507 sits

All 54 3-beds →

1507 last sold in July 2020 at AED 680 per sqft, in line with what three-beds in Sadaf 1 were fetching at the time (AED 680). Over the last 12 months three-beds sold for AED 2,572,110 to 2,950,000, around AED 1,385 per sqft, and rent for AED 130,000 to 200,000 a year. 1507's AED 110,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
21 Aug 20262,950,000
24 Feb 20262,650,000
3 Feb 20262,572,110
17 Apr 20252,800,000
3 3-bed sales in the last 12 months

Sadaf 1

Building

121 apartments, studios to 4-bed over 39 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 8 sold in the last 12 months.

Typical price per sqft
AED 1,407
Typical sale
AED 2.65M
Typical rent
AED 150K /yr
Typical yield
6.5%
Sadaf 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 15th floor

All 121 units in Sadaf 1
Value
15063-bedAED 2.65M · Sep 2024
15082-bedAED 2.25M · Nov 2024
15092-bedAED 2.05M · Nov 2023

1507, Sadaf 1 in numbers

  • Sold twice: first on 3 November 2009 for AED 699,000, last on 12 July 2020 for AED 1,300,000 (AED 680 per sqft).
  • Rented since April 2012 on 8 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2020 price is 8.5%, before a service charge of about AED 37,300 a year (AED 19.53 per sqft).
  • Three-beds in Sadaf 1 sold for AED 2,572,110–2,950,000 in the 12 months to November 2026; the building's median across all types is AED 1,407 per sqft.

Source: Dubai Land Department. Updated 12 July 2020.

Questions about 1507, Sadaf 1

What did unit 1507 last sell for?

AED 1,300,000 on 12 July 2020: AED 680 per sqft for 1,911 sqft. The unit has 2 registered sales; the first was AED 699,000 in November 2009.

What is the rent for unit 1507?

AED 110,000 a year on the contract signed on 21 March 2019. The previous contract, from May 2018, was AED 145,000; the unit has been rented since April 2012.

How big is unit 1507?

1,911 sqft (177.5 sqm): a three-bedroom apartment on the 15th floor of a 39-storey tower completed in 2007.

What is unit 1507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Sadaf 1 sold for AED 2,572,110 to 2,950,000 in the last 12 months, around AED 1,385 per sqft.

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Mortgage on 1507, Sadaf 1

Starts from the last sale price (AED 1.3M, 12 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →